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In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Standard Chartered bank’s $120,000 Bitcoin price expectation based on the halving impact. According to the report, increased miner profitability due to a pre-halving rally would “reduce the net BTC supply.”Pechman, on the other hand, doesn’t
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Bitcoin (BTC) price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.Bitcoin remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 range, investors'
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A possible approval of a spot Bitcoin exchange-traded fund (ETF) won't be a game changer for crypto markets, although it might benefit the leading cryptocurrency, according to a report by JPMorgan managing director Nikolaos Panigirtzoglou.Based in London, Panigirtzoglou is part of JPMorgan's global market strategy team. He believes that a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to Coin Metrics’ State of the Network report for Q2 2023, there has been a notable reduction in the 90-day correlation between the cryptocurrency market and equities represented by the S&P 500 index. This marks
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin Ordinals, often called bitcoin’s (BTC) version of NFTs, are experiencing a significant surge as a new token standard, BRC-69, was launched on July 3. The latest standard brings an innovative solution to reduce the time
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Traditional financial firms finally believe that digital assets are here to stay. Or so one might conclude from the slew of announcements last week from some of the world’s premiere financial players.Among them is BlackRock — the world’s largest asset manager with $9 trillion in assets under management (AUM) —
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MicroStrategy is currently the largest corporate holder of Bitcoins with its total BTC holdings at 152,333. On Wednesday, June 28, business intelligence firm MicroStrategy announced the purchase of over 12,000 Bitcoins worth $350 million. As we know, MicroStrategy is the largest corporate holder of Bitcoins and the recent purchase takes
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Top Stories This Week ‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss Recently renewed optimism for an approved Bitcoin spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits. Over the past
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Presented with this open-source unstoppable, uncensorable protocol, innovators are going to do what they always do: innovate. So, inevitably, there will be workarounds to all of this. New ways to engage with all those other Bitcoin use cases without being ensnared in a Washington/Wall Street regulatory bind will emerge. Original Source
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The largest cryptocurrency by market cap has benefited from rising investor optimism following multiple filings for spot bitcoin ETFs and its omission from tokens listed in SEC lawsuits earlier this month. Source
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